Practice Management
Law firm leaders believe associates are “less loyal”
Seven out of 10 law firm leaders believe associates are “less loyal than previous generations”, while only a quarter of associates aim to become a partner at their firm in the next five years.
Small law firm launches Australian partnership and tech business
A law firm specialising in advice for SMEs is launching a partnership with an Australian firm in a bid to provide clients with an international service which “does not cost an arm and a leg”.
M&A: Big firms buy small as listed legal practices swap advisory business
Large firms swallowing up small practices has been the theme of a spate of mergers and acquisitions, while one listed law firm has picked up a corporate advisory business sold by another.
Flood of lawyers swapping traditional firms for fee-share alternatives
Lawyers continue to leave traditional law firms for fee-share practices in large numbers, with one of them hiring more last year than any law firm in the land.
1,000% interest income rise masks profit falls at SME law firms
Interest income at small and medium-sized law firms surged by 1,000% last year, research for the Law Society has found, masking a significant fall in profits.
Four out of 10 big law firms have ‘energy-burning’ websites
More than 40% of the top 200 law firms have been awarded an ‘F’ rating (the worst) for the energy used by their websites.
Simpson Millar buys personal injury practice out of administration
National firm Simpson Millar has rescued personal injury firm Novum Law out of administration, with the funder that owns the former also a creditor of the latter.
Big firm moves away from PQE in bid for 50% female partners by 2029
National law firm TLT is “confident” that it will reach its target of having equal numbers of male and female partners in five years’ time, moving away from PQE as a metric.
“Herd instinct” of barristers can help close gender pay gap
The “herd instinct” of barristers can be used to help allocate work fairly and close the gender pay gap in the profession as a result, a chambers director has suggested.
Seven out of 10 professionals experience “discriminatory behaviour”
More than seven out of 10 professionals have experienced “discriminatory or exclusionary behaviour in the workplace” in the past five years, a major study that included lawyers has found.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
Reports
Associates
